Nigeria Spirits Industry Fights Illicit Trade

Nigeria's spirits and wines industry is ramping up efforts to combat illicit trade, which costs the economy billions and poses health risks. Stakeholders call for stronger enforcement and consumer awareness.

FAAC Distributes N2.55tn; June Revenue Up 32.6% to N4.5tn

The Federation Account Allocation Committee distributed N2.55 trillion to federal, state, and local governments in June 2026, as gross revenue rose 32.6% to N4.5 trillion, according to a communiqué issued after the FAAC meeting.

NREIT Seeks N30.4 Billion in Series 6 Offer

Nigerian Real Estate Investment Trust (NREIT) launches Series 6 offer to raise N30.4 billion for expanding its real estate portfolio, targeting investors seeking stable returns.

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